Wednesday, December 5, 2007

More Up coming?

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Mid-term on it’s way to new highs… Today’s recovery confirmed what I wrote yesterday and the day before yesterday.

I would expect to see more up move. So far, I do not see any indication in any of the indexes I track (NASDAQ 100, S&P 500 and DJI) that the mid-term up-trend (see my mid-term post) is exhausted.

The VIX volatility index has declined further by confirming my outlook even stronger. My other technical indicators are bullish as well.

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